"NVIDIA Expanding Custom Chip Development for AI, Gaming, and Automotive Industries"
TL;DR Summary
NVIDIA is forming a new business unit to develop custom chips for AI, game consoles, auto, and telecom markets, aiming to compete with industry leaders like Broadcom and Marvell Technology. The move comes as the company seeks to diversify its supply chain and capitalize on the growing demand for custom chips, with analysts predicting the market to reach $30 billion by 2023. NVIDIA has reportedly engaged with major tech companies like Amazon, Meta, Microsoft, Google, and OpenAI to offer custom AI chip services, signaling a strategic shift to consolidate its position in emerging domains of the artificial intelligence market.
- NVIDIA Forming A New Business Unit Focused on Custom-Chip Development For AI, Game Consoles, Auto & More Wccftech
- Nvidia uses AI to produce its AI chips faster Business Insider
- Nvidia (NASDAQ:NVDA) Could Be Planning a Custom Chip Unit - TipRanks.com TipRanks
- Designing Chips Is Getting Harder. These Engineers Say Chatbots and AI Can Help. The Wall Street Journal
- Nvidia seeking to build out custom chip segment: Reuters Yahoo Finance
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